(Reuters) – A Norfolk Southern train derailed on Saturday, spilling diesel fuel and polypropylene plastic pellets into the Lehigh River in eastern Pennsylvania, police said. There were no reports of injuries to the crew on the train or evacuations or a hazardous material threat to the community, the Lower Saucon Township Police Department said in …
SANTIAGO (Reuters) – Chile wants to have three or four new lithium projects operational by 2026, the country’s Minister of Finance Mario Marcel said on Saturday. The South American country – the world’s largest copper producer and the second-largest producer of lithium – initiated a policy last year to increase state control of the strategic …
Chile wants 3 or 4 new lithium projects running in 2026, finance minister says Read More »
(Reuters) – NerdWallet Inc said on Saturday that it did not file for bankruptcy, saying a fraudulent filing appeared on an electronic public access service for U.S. federal court documents. “NerdWallet did not file for bankruptcy. This is a fraudulent filing and we are actively investigating the situation,” the company said in a statement. The …
NerdWallet says it did not file for bankruptcy, cites fraudulent filing Read More »
By Niket Nishant and Nupur Anand (Reuters) -New York Community Bancorp shares plunged nearly 26% on Friday after it replaced its CEO, reported a fourth-quarter loss that was more than 10 times what it previously stated and said it found “material weaknesses” in internal controls related to a loan review. The news spooked already jittery …
NYCB shares tumble 26% after ‘material weakness’ disclosure rattles investors Read More »
(Reuters) – Alphabet’s Google must face advertisers’ proposed class action lawsuit claiming that it monopolizes the ad exchange market, a U.S. judge ruled on Friday. But U.S. District Judge Kevin Castel dismissed some other antitrust claims, including those focused on ad-buying tools used by large advertisers. Castel was reviewing a number of cases against Google, …
US judge says Google must face some advertisers’ antitrust claims, dismisses others Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks rose on Friday, with the S&P 500 and Nasdaq closing at record highs, as technology stocks rallied on continued enthusiasm for artificial intelligence, with further support from declining Treasury yields. The gains marked the second straight closing record for the Nasdaq, which also set an intraday record …
S&P 500, Nasdaq close at fresh records on AI boost, easing yields Read More »
By David Randall NEW YORK (Reuters) -As fervor for artificial intelligence sweeps Wall Street, some investors are seeking bargains in more conventional areas of the stock market. Value stocks, typically defined as companies trading at a discount on metrics such as book value or price-to-earnings, have largely been left behind as AI put a charge …
US value stocks draw bargain hunters while AI fever rages Read More »
By Echo Wang (Reuters) – Media platform Reddit is eyeing a valuation of up to $6.5 billion in its initial public offering, two people with the matter told Reuters on Friday, far less than what it was worth a few years ago. The company is looking to set a price range of $31-$34 per share, …
Reddit seeks up to $6.5 billion valuation in IPO, source says Read More »
(Reuters) – Fitch Ratings has downgraded New York Community Bancorp and its bank subsidiary Flagstar Bank to ‘BB+’/’B’ from ‘BBB-‘/’F3’. Fitch earlier in February had already downgraded long-term issuer default ratings (IDRs) for New York Community Bancorp to ‘BBB-‘ from ‘BBB’. Fitch said its decision came from reassessing NYCB’s risk profile, following NYCB’s announcement of …
Fitch downgrades NY Community Bancorp to BB+, outlook negative Read More »
By Ernest Scheyder (Reuters) -A U.S. appeals court on Friday narrowly ruled that the federal government may give away thousands of acres in Arizona to Rio Tinto for a copper mine, upholding a previous ruling and rejecting an argument from Native Americans that the land should be preserved for its religious and cultural value. The …
In blow to Native Americans, US court approves land swap for Rio’s Arizona copper mine Read More »
